Preview: Tonight at 21:30, the US will release the December CPI data. The market generally expects that inflationary pressures remain stubborn.

BlockBeats News, January 13 — Tonight at 21:30, the United States will release the December CPI data. The market generally expects this inflation data to show that price pressures remain stubborn and that the Federal Reserve is still a distance from its 2% target.

According to comprehensive survey data from Bloomberg and FactSet: the overall CPI is expected to increase by 0.3% month-over-month and 2.7% year-over-year. The core CPI, excluding more volatile food and energy prices, is expected to rise by 0.3% month-over-month and 2.7% year-over-year.

Although the Nowcast model from the Cleveland Fed predicts a slightly lower increase (core CPI month-over-month growth of 0.22%), the mainstream Wall Street view believes that inflation has not significantly cooled down. Data from CME Group shows that the market is betting with a 95% probability that the Federal Reserve will keep interest rates unchanged in January.